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China's fixed-asset investment up 20.4 pct in H1

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BEIJING, July 13 (Xinhua) -- China's urban fixed asset investment rose 20.4 percent year on year to 15.07 trillion yuan (2.38 trillion U.S. dollars) in the first half of 2012, the National Bureau of Statistics (NBS) announced Friday.

The growth rate moderated by 0.5 percentage point compared to that in the first quarter, and was down 5.2 percentage points from the same period last year, the NBS data showed.

Investment in property development climbed 16.6 percent, the NBS said.

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